ETH/USDT – 30M – SELLThe pair Ethereum/Tether (ETH/USDT) jumps from the descending trendline down.
A continuation of the bearish trend down to the next support at 2623.57 will persist.
Caution: A possible trend reversal in the direction of the resistance line at 2806.84 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Last Engulfing Top’ candle chart pattern is detected. The chart shows ‘Last Engulfing Top’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Last Engulfing Top’ going down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3169.95 |
| 2nd High | 2905.93 |
| Next High | 2806.84 |
| Current Price | 2758.860000000 |
| Next Low | 2623.57 |
| 2nd Low | 2512 |
| 3rd Low | 2474.24 |
2806.84 – 2905.93 – 3169.95 – 2623.57 – 2790.01 – 3022.09 — 52.12262283257 – 50.948618652805 — 48.546271912324 – 68.264531267009 – 45.944120173783 – 53.37713048921
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Last Engulfing Top – – –